Shinhan Finance launches iShinhan 3.0 with comprehensive technologies 17:00 | 23/12/2020
Shinhan Vietnam Finance Company Limited (Shinhan Finance), voted the Best Sustainability Development Company Vietnam 2020 by leading UK-based Global Banking & Finance Review magazine and one of the Best Companies to Work for in Asia 2020 by HR Asia magazine, has launched iShinhan 3.0 to offer friendly customer experience and convenient, feature-rich new services.
iShinhan 3.0 enables new customer to apply and track loan approval progress
New customers with financial needs can download iShinhan and register for Shinhan Finance personal loan and easy loan products. The loan registration process is designed with a simple and friendly approach to bring customers the feeling of chatting with a real Shinhan Finance employee.
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Diversifying local consumer finance
For the first time in a decade, Vietnamâs consumer finance market saw a single-digit growth rate
FE Credit, the biggest consumer finance player in Vietnam and a subsidiary of VPBank, is said to be preparing for its initial public offering (IPO) in the third quarter of 2021.
VPBankâs Board of Directors forecasts that a successful IPO could triple FE Creditâs share price compared to the book value after the equitisation, according to brokerage SSI.
Currently, the Vietnamese market boasts 16 consumer finance companies, of which six are subsidiaries of major local lenders, including HD Saison of HDBank, SHB Finance of SHB, MCredit of MB, and Post and Telecommunication Finance Co., Ltd. (PTF) of SeABank.